Claims

AIR hurricane model now includes possibility of re-intensification post-landfall

AIR Worldwide Inc. has released an updated U.S. hurricane model that now captures the possibility of a storm’s re-intensification after landfall.”As evidenced by Hurricane Ike in 2008, inland hurricane losses from some storms can be significant,” an AIR release says. “While research indicates that re-intensification occurs in less than five per cent of all landfalling […]

By Canadian Underwriter | July 19, 2010

1 min read

Toyota Canada rolls out latest in hybrid technology

Toyota Canada is rolling out demonstrations across Canada of its Prius Plug-in Hybrid (PHV), which can plug into a standard 110-volt electrical outlet.One such demonstration car was delivered for testing to Manitoba’s Ministry of Innovation Energy and Mines. Other cars will be tested in B.C., Ontario and Quebec.The PHV is the next step in hybrid […]

By Canadian Underwriter | July 19, 2010

1 min read

Calgary tallies damages arising from hailstorm

It remains too early to tell whether the auto and home insurance claims generated by Calgary’s hailstorm on July 12, 2010 will compare to Canada’s biggest hailstorm claims event in 1991.The 1991 event, also in Calgary, was the country’s worst-recorded hailstorm event in terms of insurance claims. The 30-minute storm almost two decades ago resulted […]

By Canadian Underwriter | July 14, 2010

1 min read

Number of Ontario auto claims settlements without a mediator triples: FSCO arbitrator

An arbitrator at the Financial Services Commission of Ontario (FSCO) says resolving auto accident benefits claims disputes “on a timely basis” has become “an increasingly critical issue” in the province’s alternative dispute resolution (ADR) system.In his decision in Dominion of Canada General Insurance Company and Jaswinder Singh, FSCO director delegate Lawrence Blackman cited FSCO statistics […]

By Canadian Underwriter | July 9, 2010

1 min read